he Brenmar Sales Company had a gross profit margin​ (gross profits÷​sales) of 34 percent and sales of $8.3 million last year.   79 percent of the​ firm's sales are on​ credit, and the remainder are cash sales. ​ Brenmar's current assets equal $1.5 ​million, its current liabilities equal a. If​ Brenmar's accounts receivable equal $563,000​, what is its average collection​ period? b. If Brenmar reduces its average collection period to 25 ​days, what will be its new level of accounts​ receivable? c.  ​Brenmar's inventory turnover ratio is 8.9 times. What is the level of​ Brenmar's inventories? $303,100​, and it has $104,400 in cash plus marketable securities.

Q: Denver, Incorporated, has sales of $24 million, total assets of $21.6 million, and total debt of…

A: Solution:- Net income means the net profit earned by a firm on its sales. So, net income = Sales x…

Q: (DuPont analysis) Triangular Chemicals has total assets of $90 million, a return on equity of 37…

A: ROE = Profit margin * Equity multiplier * Total asset turnover 0.37 = 0.046 * 2.97 * Total asset…

Q: Chutes & Co. has interest expense of $1.05 million and an operating margin of 11.9% on total sales…

A: Interest rate ratio (ICR) is a financial measure of a company's ability to meet interest payments on…

Q: In the past year, TVG had revenues of $3.03 million, cost of goods sold of $2.53 million, and…

A: TIME INTEREST EARNED RATIO Times Interest Earned Ratio is the Ratio Between Earning Before…

Q: Aquilera, Inc., has sales of $18.8 million, total assets of $13.8 million, and total debt of $4.6…

A: Net income means the amount the company is earning its profits ie. Revenues – total costs.Also, Net…

Q: Ajax Corp's sales last year were $624,000, its operating costs were $427,600, and its interest…

A: Sales = $624,000Operating Costs = $427,600Interest Charges = $13,600

Q: The interest coverage ratio is times.

A: Interest coverage ratio is a financial metric that helps in determining the ability of a business…

Q: Denver, Incorporated, has sales of $14.2 million, total assets of $11.3 million, and total debt of…

A: Shareholder equity helps investors and other companies in analyzing the growth or financial position…

Q: Jake's Jamming Music, Incorporated, announced an ROA of 8.64 percent, ROE of 15.30 percent, and…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Brenda's Bar and Grill has current liabilities of $21 million. Cash makes up 10 percent of the…

A: “Since you have asked multiple questions, we will answer the first question for you. If you want any…

Q: Total assets

A: The Return on Assets (ROA) is calculated using the formula:ROA = Net Income / Total Assets Given…

Q: Wims, Inc., has sales of $18.3 million, total assets of $13.3 million and total debt of $4.1…

A: Solution:- Net income means the amount the company is earning its profits ie. Revenues – total…

Q: Orono Corp.'s sales last year were $465,000, its operating costs were $362,500, and its interest…

A:

Q: A firm has annual sales of $100 million, $20 million of inventory, and $30 million of accounts…

A: The inventory turnover ratio is the number of times a company has sold and replenished its inventory…

Q: Last year, Hassan's Madhatter, Inc. had an ROA of 6 percent, a profit margin of 12.80 percent, and…

A: The provided information are: ROA = 6% Profit margin = 12.80% Sales = $15 Million

Q: Orono Corp.'s sales last year were $585,000, its operating costs were $362,500, and its interest…

A: The times interest earned (TIE) ratio measures a company's ability to meet its interest payments on…

Q: Pro-Forma Income Statement Sales Cost of goods sold Gross profit Operating expenses Net operating…

A: calculation of cost of goods sold = 62% of 14800000 = $ 9176000 calculation of sales and operating…

Q: (Using common-size financial statements) The S&H Construction Company expects to have total sales…

A: Step 1: Preparation of the pro forma income statement.Pro forma Income StatementSales…

Q: 1. Blue Air Inc., has net sales of $723,000 and accounts receivables of $165,000. What are the…

A: Accounts receivable turnover measures how much times are the net sales of the firm in comparison of…

Q: ne company's total sales are million. (Round to one decimal

A: Dupont analysis refers to the framework established by the Dupont corporation for analyzing the…

Q: Am. 113.

A: Sales for the current year is $4,900,000Profit margin is 30%The retention ratio is 20%Expected sales…

Q: DuPont analysis)  Dearborn Supplies has total sales of $199 ​million, assets of $98 ​million, a…

A: ROE is return available to common stockholders of the entity. It is return left after payment of…

Q: Keller Cosmetics maintains an operating profit margin of 8.25% and a sales-to-assets ratio of 3.40.…

A: Step 1:a) and b) We have to calculate the return on assets and return on equity.First of all, we…

Q: (Using common-size financial statements) The S&H Construction Company expects to have total sales…

A: Step 1: Given Value for Calculation Next Year Sales = s = $14,600,000Tax Rate = tr = 35%Interest…

Q: Dearborn Supplies has total sales of $195 ​million, assets of $100 ​million, a return on equity of…

A: Return on equity = Net Income / Shareholder's equity Net profit margin = Net Income / Sales 7.4% =…

Q: Ladders, Inc. has a net profit margin of 5.4% on sales of $49.3 million. It has book value of equity…

A: Profitability ratios refer to the type of ratios that evaluate the financial performance of the…

Q: enver, Incorporated, has sales of $13 million, total assets of $11 million, and total debt of $6.4…

A: The following equations need to  be used to calculate net income,Return on Assets(ROA) and Return on…

Q: The Brenmar Sales Company had a gross profit margin​ (gross profits÷​sales) of 34 percent and…

A: Average collection period is period required to receive all accounts receivable that means money…

Q: Orono Corp.'s sales last year were $575,000, its operating costs were $362,500, and its interest…

A: As per formula Times interest earned (TIE) ratio = (Sales-Operating cost)/Interest expenses   Where…

Q: hite Waters, Inc., has sales of $28 million, total assets of $36 million, and total debt of $11…

A: ROA is return on assets and is measure of profitability and can be calculated by net income divided…

Q: (DuPont analysis) Triangular Chemicals has total assets of $102 million, a return on equity of 35…

A: As per the given information;To determine:Company's total sales

Q: Green Fire, Inc., has sales of $60 million, total assets of $42 million, and total debt of $18…

A: The return on assets is reflective of profitability ratio which will help in finding out the rate of…

Q: Sheryl’s Shipping had sales last year of $18,000. The cost of goods sold was $8,100, general and…

A: The EBIT refers to the measure of the profitability of the company. It accounts for all the expenses…